Financial Disclosure Act

Financial Disclosure Act - Requires the President, Vice President, Members of Congress and candidates for those offices, justices and judges of the United States, Presidential nominees, officers and employees of the United States compensated at a rate equal to or in excess of the rate prescribed for the grade of GS-15, and members of the uniformed services compensated at a rate equal to or in excess of the monthly rate prescribed for grade O-6 to file in each calendar year, with the Comptroller General and other specified executive or administrative officers, a financial statement for the preceding calendar year if such individual has occupied or been a candidate for the office or position for more than 90 days in such calendar year.

Specifies the content of such financial statements. Makes mandatory the inclusion in such report of all items held not only by the individual, but by the spouse, and dependents of such person, and those acting on the individual's behalf.

Permits the President to exempt any individual in the Central Intelligence Agency, the Defense Intelligence Agency, and the National Security Agency, or other person engaged exclusively in intelligence activities from the requirement to file a report with the Comptroller General if such disclosure would reveal the identity of an undercover Federal agent.

Makes failure to file and falsifying reports punishable by a fine and/or imprisonment.

Requires the head of each agency, the Clerk of the House of Representatives, the Secretary of the Senate, and the Director of the Administrative Office of the United States Courts to submit annually to the Comptroller General a complete list of individuals required to file such a report.

Requires the Comptroller General to refer to the Attorney General the names of all individuals who the Comptroller General have reasonable cause to believe has failed to file or falsified such report, and that if such an individual is a Member of Congress, that the name be referred to the appropriate Congressional committees.

Requires the Comptroller General to make such reports available to the public for all purposes not excluded under this Act.

Makes the House of Representatives, the Senate, the Director of the Administrative Office of the United States Courts, the Chairman of the Civil Service Commission and the head of each agency responsible for the review of such reports in accordance with any law or regulation regarding conflicts of interest or confidential financial information.

Directs the Comptroller General to conduct audits of each specified group at varying intervals, and gives the Comptroller General subpena power for the purpose of conducting such audits.

Requires the Civil Service Commission and the Department of Justice to recommend to Congress such legislation as may be necessary in the area of financial conflicts of interest among Federal employees and officers.